Malta: One of the fastest-growing economies in Europe

Country Report

Malta’s economic growth is expected to reach a robust 4.5% rate in 2016. It is driven to the most part by domestic demand. GDP growth has slowed down from a buoyant 8% average rate in 2014-15 but remains well above the eurozone average of +1.7%. 

With one of the lowest unemployment rates in Europe (below 5%), the Maltese labor market continues to perform strongly. This should support private consumption increase in the coming quarters as well as an accommodative fiscal and monetary policy.